2022
Flag  
GDP
$63.5BCURRENT US$
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2012-2022
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GDP GROWTH
46.6%CURRENT US$
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2022
Flag
 GDP
$252BCURRENT US$
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2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC 
$9,394CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
56.1%CURRENT US$
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2022
Flag
GDP PC
$24,275CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
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About

Serbia-Portugal In 2022, Serbia exported $46M to Portugal. The main products that Serbia exported to Portugal are Rubber Tires ($10M), Cleaning Products ($5.85M), and Low-voltage Protection Equipment ($3.37M). During the last 16 years the exports of Serbia to Portugal have increased at an annualized rate of 7.85%, from $13.7M in 2006 to $46M in 2022.

In 2019, Serbia exported services to Portugal worth $7.84M, with Travel ($3.36M), Other business services ($2.24M), and Transportation ($1.12M) being the largest in terms of value.

Portugal-Serbia In 2022, Portugal exported $67.3M to Serbia. The main products that Portugal exported to Serbia were Insulated Wire ($9.47M), Processed Tomatoes ($6.03M), and Plastic Coated Textile Fabric ($5.4M). During the last 16 years the exports of Portugal to Serbia have increased at an annualized rate of 14.8%, from $7.35M in 2006 to $67.3M in 2022.

In 2022, Portugal did not export any services to Serbia.

Comparison In 2022,  Serbia ranked 35 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B). That same year, Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Serbia exported $46M to Portugal. The main products exported from Serbia to Portugal were Rubber Tires ($10M), Cleaning Products ($5.85M), and Low-voltage Protection Equipment ($3.37M). During the last 16 years the exports of Serbia to Portugal have increased at an annualized rate of 7.85%, from $13.7M in 2006 to $46M in 2022.

In 2022, Portugal exported $67.3M to Serbia. The main products exported from Portugal to Serbia were Insulated Wire ($9.47M), Processed Tomatoes ($6.03M), and Plastic Coated Textile Fabric ($5.4M). During the last 16 years the exports of Portugal to Serbia have increased at an annualized rate of 14.8%, from $7.35M in 2006 to $67.3M in 2022.

Exports from Serbia (Flag) to Portugal (Flag) (2022)

Exports from Portugal (Flag) to Serbia (Flag) (2022)

Latest Data

Trade between Serbia (Flag) and Portugal (Flag)

Serbia Exports

Portugal Exports

Market Competitiveness

Color
Serbia
Top Destination
Germany$4B
Portugal
Top Destination
Spain$20.5B

This map shows whether countries import more from Serbia or Portugal. Each country is colored based on the difference in imports they receive from Serbia and Portugal or the difference in the growth in imports.

In 2021, countries that imported more from Serbia than Portugal were Bosnia and Herzegovina ($2.14B), Hungary ($1.69B), and Croatia ($1.25B).

In 2021, countries that imported more from Portugal than Serbia were Spain ($20.5B), France ($9.49B), and United States ($5.66B).

Difference in imports from Portugal (Flag) and Serbia (Flag) (2022)

Comparative Advantage Serbia - Portugal

Flow
Scale

This chart compares trade between Serbia and Portugal by product, considering products traded by both, Serbia and Portugal.

During 2022, Serbia had a large net trade with Portugal in the exports of Plastics and Rubbers ($16.8M), Chemical Products ($8.46M), and Machines ($6.77M).

During 2022, Portugal had a large net trade with Serbia in the exports of Machines ($22.1M), Textiles ($10.2M), and Foodstuffs ($8.54M).

Service Trade

Bilateral Service Trade

In 2019, Serbia exported services to Portugal worth $7.84M, with Travel ($3.36M), Other business services ($2.24M), and Transportation ($1.12M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Serbia (Flag) to Portugal (Flag) (2019)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Serbia has comparative advantage over Portugal. Similarly, the more yellow a dot/product is, the more Portugal has comparative advantage over Serbia.

Product Space of Serbia (Flag) and Portugal (Flag) (2022)

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